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China circuit breaker plan draws support

Analysts see it as a positive step in calming wild stockmarket swings, provided officials are clear about the rules

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ANXIETY IN SHANGHAI: Turmoil in China's stock market sent a gauge of price swings to its highest level since 1997 last month as leveraged investors unwound bullish bets on concern that valuations were unjustified amid slowing economic growth.

Shanghai

CHINA'S plan to introduce a stockmarket circuit breaker would help calm volatility after price swings in the benchmark index surged to an 18-year high, according to analysts and investors in a Bloomberg survey.

Twelve of the 15 respondents were in favour of the proposal

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